Activists from the environmental organization Greenpeace protested in the foyer of Deutsche Bank's fund subsidiary DWS in Frankfurt on Tuesday morning.
"DWS finances the climate crash!" it said on the banners.
The environmentalists are calling on DWS to pull out of any investments that undermine the Paris climate target.
This also applies to expanding oil and gas companies, it said.
Accordingly, although DWS publicly supports the 1.5 degree climate target, since it invests in too many companies that are not on a 1.5 degree path, the climate impact of its funds corresponds to 2.6 degrees of global warming in the status quo by 2050. "DWS needs to make swift corrections to bring its portfolio in line with its climate pledge," said Mauricio Vargas, Greenpeace's finance officer.
The Paris climate agreement of 2015 sets the goal of stopping global warming at 1.5 degrees if possible and thus preventing the worst consequences of climate change.
In view of the progressing climate change, environmentalists and scientists are repeatedly calling for greater efforts, for example to reduce emissions of the greenhouse gas carbon dioxide (CO2).
In the financial sector, there are now numerous efforts to improve climate protection.
Since the beginning of this year, the Frankfurt public prosecutor's office has been investigating employees and managers at DWS on suspicion of capital investment fraud.
Investigators searched the building at the end of May.
The background to the measure was “greenwashing” allegations.
According to this, the asset manager is said to have overestimated the information on sustainability criteria and in truth not have progressed as far as stated on issues such as environmental and climate protection.
The investigations were started last year by DWS's former sustainability officer, Desiree Fixler.